Learning and Development - The company has accumulated millions of hours of recorded live instruction and over 100 million usable data points to optimize learning on its platform [85]. - The AI-powered matching engine has identified over 800,000 successful Learner-to-Expert matches since 2012, enhancing the learning experience [85]. - The company has built a rich database of learning interactions to create personalized learning pathways, which serve as a competitive advantage [85]. - The company offers unlimited free classes and 52 hours of free tutoring to its employees, promoting their development and engagement [94]. Diversity and Inclusion - Approximately 68% of the company's employees are women, and about 31% are racially and ethnically diverse, reflecting its commitment to diversity and inclusion [95]. Financial Performance - The company has experienced significant net losses since its formation, with net losses of $30.679 million, $24.663 million, and $22.439 million for the years ended December 31, 2021, 2020, and 2019, respectively [127]. - Revenue increased from $90,452 thousand in 2019 to $140,664 thousand in 2021, reflecting a growth rate of approximately 55.5% over two years [171]. - The average revenue per Active Learner in 2021 was $1.1 thousand [138]. - The company anticipates increased competition from both established and emerging companies, which could lead to pricing pressure and reduced revenue [177]. Operational Challenges - The company expects operating expenses to increase significantly in the foreseeable future, which may hinder achieving and maintaining profitability [128]. - The company has a limited operating history, making it difficult to predict future financial and operating results, particularly for newer products and services [124]. - The company may face challenges in integrating new services into its platform and achieving satisfactory financial results from them [125]. - The company faces challenges in managing significant growth due to factors such as personal engagement of learners, potential circumvention of the platform, and timing of school funding cycles [173]. Regulatory and Compliance Risks - The company is subject to various regulatory and administrative investigations, which could impact its financial condition and operations [98]. - The company prioritizes data privacy and security, implementing safeguards to protect personal information and comply with evolving regulations [105]. - The ongoing evolution of privacy and data security laws may require the company to take additional measures to comply and maintain information security [111]. - The company is subject to various privacy and data protection requirements, including the European General Data Protection Regulation and Canada's Personal Information Protection and Electronic Documents Act [111]. Employee and Contractor Management - In 2021, the company had approximately 17 thousand Active Experts with independent contractor agreements [137]. - The company is subject to potential legal proceedings that could classify independent contractors as employees, which may lead to substantial costs and operational impacts [137]. - The company plans to hire a significant number of additional employees and independent contractors to support its growth strategy [171]. Marketing and Consumer Awareness - The company has invested millions of dollars to drive consumer awareness of its online learning solutions, which are still not widely recognized by many potential users [86]. - The company relies heavily on marketing and sales efforts to attract new Learners, which constitutes a substantial portion of its expenses [140]. Cybersecurity and Data Protection - Security breaches could lead to unauthorized disclosure of data, resulting in loss of users and potential costly litigation [191]. - Cybersecurity threats, including malware and hacking, pose risks to the company's operations and could lead to significant reputational damage and financial losses [198]. - The company must navigate complex and inconsistent privacy regulations across jurisdictions, which may require costly adaptations to its platform [210]. Internal Controls and Governance - The company did not maintain effective controls over its accounting and reporting requirements, leading to material weaknesses [144]. - Management developed a comprehensive remediation plan to address material weaknesses, including expanding finance and IT teams [146]. - The company is investing in enhancing internal controls over financial reporting, including risk assessments and compliance monitoring [23]. Tax and Financial Obligations - The Tax Receivable Agreement (TRA) requires the company to pay 85% of net cash savings from tax benefits realized post-Reverse Recapitalization [279]. - The company expects substantial payment obligations under the TRA, which are dependent on various future events [281]. - Payments under the TRA may be accelerated and could significantly exceed actual tax benefits realized [282]. Market and Economic Conditions - Changes in consumer spending levels and economic conditions, including the impact of the COVID-19 pandemic, may affect demand for the company's offerings [146]. - The company has observed a drop in college and graduate school attendance due to the COVID-19 pandemic, affecting demand for academic support [181]. - Seasonal trends in education, particularly during late summer and fall, significantly impact traffic and demand for the company's offerings [180].

Nerdy, Inc. (NYSE:NRDY) Q3 2021 Earnings Conference Call November 15, 2021 5:00 PM ET Company Participants Marta Nichols - Investor Relations Chuck Cohn - Founder, Chairman and Chief Executive Officer Jason Pello - Chief Financial Officer Conference Call Participants Doug Anmuth - JPMorgan Mario Lu - Barclays Maria Ripps - Canaccord Andrew Boone - JMP Securities Aaron Kessler - Raymond James Greg Gibas - Northland Securities Ryan MacDonald - Needham & Company Operator Hello, all and welcome to the Nerdy Thi ...

(Mark One) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 1-39595 _________________________________________ NERDY INC. ...

For the transition period from ___________ to ___________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR WASHINGTON, DC 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number: 001-39595 TPG PACE TECH OPPORTUNITIES CORP. (Exact Name of Registrant as Specified in its Charter) Cayman Isla ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-39595 TPG PACE TECH OPPORTUNITIES CORP. (Exact Name of Registrant as Specified in its Charter) Cayman Isl ...

TPG Pace Tech Opportunities Corp. (PACE) Q1 2021 Earnings Conference Call May 5, 2021 5:00 PM ET Company Participants Chuck Cohn - Founder, Chairman, and Chief Executive Officer, Nerdy Jason Pelo - Chief Financial Officer. Conference Call Participants Operator Good afternoon. And thank you for joining us for [pd] Nerdy First quarter 2021 Earnings Call. With me are Chuck Cohn, Founder, Chairman, and Chief Executive Officer of Nerdy and Jason Pelo, Chief Financial Officer. Before I turn the presentation over ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-39595 TPG PACE TECH OPPORTUNITIES CORP. (Exact name of Registrant as specified in its Charter) Cayman Islands 98-1499860 (State or ot ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-39595 TPG PACE TECH OPPORTUNITIES CORP. (Exact Name of Registrant as Specified in its Charter) Cayman ...